Manhattan » 10018 » W 38th St » 247 W 38th St

Nelson BLDG - 247 West 38th Street, New York, NY 10018 - Property report

Also known as: 247 W 38th St

Property image for Nelson BLDG - 247 West 38th Street, New York, NY 10018

Property type

Factory - Industrial Miscellaneous (F9)

Year built

1924

Lot sq. ft.

8,448

General information

Address

Building name

Nelson BLDG

Primary address

Nelson BLDG - 247 West 38th Street

Alternate address(es)

247-255 W 38th St

ZIP code

10018

Neighborhood

Garment District

Borough

Manhattan

Block & lot

00788-0019

Building

Property type

Factory - Industrial Miscellaneous (F9)

Building sq. ft.

130,010

Building dimensions

85.5 ft x 98.75 ft

Buildings on lot

Stories

Year built

1924

Last altered

1967

Building material

Tax

Tax year

2026-2027

Property tax

$789,306

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

85.5 ft x 98.75 ft

Lot sq. ft.

8,448

Area overview

Walk score

96 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

88 /100. Very Bikeable

School district

Community district

Closest police station

0.20 Miles

Closest fire station

0.07 Miles

View more such as transportation, nearby schools and risk designations.

Units for Nelson BLDG - 247 West 38th Street, New York, NY

Unit COMM

Ownership

Ownership information for Nelson BLDG - 247 West 38th Street, New York, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for Nelson BLDG - 247 West 38th Street, New York, NY 10018

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
05/05/2026 - R 04/29/2026 - D	Agreement (2026050400714002)	XXX XXXX XX XXX	XXXXXXXX XXXXX XXXX XX
05/05/2026 - R 04/29/2026 - D	Mortgage (2026050400714001)	XXX XXXX XX XXX	XXXXXXXX XXXXX XXXX XX
05/08/2024 - R 04/30/2024 - D	Asgn of Asgn of L&R (2024050800374002)	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
05/08/2024 - R 04/30/2024 - D	Assignment, Mortgage (2024050800374001)	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
02/15/2019 - R	UCC3 Termination (2019021500328001)	XXX XXXX XXXX XXXXXX XXXX	XXXXX XXXXXXXX XXXX
01/10/2019 - R	UCC3 Termination (2019011000509002)	XXX XXXX XXXX XXXXXX XXXX	XXXXX XXXXXXXX XXXX
01/10/2019 - R 12/04/2018 - D	Termination of Assign of L&R (2019011000509001)	XXXXX XXXXXXXX XXXX	XXX XXXX XXXX XXXXXX XXXX
05/31/2018 - R	Initial UCC1 (2018053000680005)	XXX XXXX XX XXX	XXXXX XXXXXXXX XXXX
05/31/2018 - R 05/25/2018 - D	Assignment of Leases and Rents (2018053000680004)	XXX XXXX XX XXX	XXXXX XXXXXXXX XXXX
05/31/2018 - R 05/25/2018 - D	Agreement (2018053000680003)	XXX XXXX XX XXX	XXXXX XXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Nelson BLDG - 247 West 38th Street, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$789,306

Municipal exemptions

Recent tax assessments

Market value

$17,703,000

Assessed value

$7,966,350

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$17,560,000	$7,902,000	$7,071,570	10.848%	$767,124	$767,124	+6.83%
2024/25	$14,827,000	$6,672,150	$6,672,150	10.762%	$718,057	$718,057	+13.85%
2023/24	$13,784,000	$6,202,800	$5,954,580	10.592%	$657,001	$630,709	-17.03%
2022/23	$16,971,000	$7,636,950	$7,140,510	10.646%	$813,030	$760,179	+14.02%
2021/22	$15,431,000	$6,943,950	$6,199,290	10.755%	$746,822	$666,734	-4.26%
2020/21	$19,633,000	$8,834,850	$6,511,860	10.694%	$802,557	$696,378	+16.12%
2019/20	$18,562,000	$8,352,900	$5,691,420	10.537%	$730,480	$599,705	+14.83%
2018/19	$15,804,000	$7,111,800	$4,967,100	10.514%	$678,828	$522,241	+18.50%
2017/18	$15,159,000	$6,821,550	$4,191,480	10.514%	$623,377	$440,692	-21.07%
2016/17	$14,228,000	$6,402,600	$5,279,940	10.574%	$558,301	$558,301	+104.68%

Permits

Permit information for Nelson BLDG - 247 West 38th Street, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
05/11/2025	Alteration
07/09/2024	Alteration
04/04/2024	Alteration
01/02/2024	Alteration
07/05/2023	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	11/14/2025	Hblvio-high pressure boiler boiler required
	11/14/2025	Hblvio-high pressure boiler boiler required
	11/14/2025	Hblvio-high pressure boiler boiler required

*Most recent DOB violations on record for this property.

Listings

Neighborhood

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

8th Ave & 40th St at SE Corner

Station lines

A-C-E-N-Q-R-S-1-2-3-7

Distance (miles)

0.095

View subway map

Access the detailed traffic volume map for Nelson BLDG - 247 West 38th Street, New York, NY 10018 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Nearby ZIP codes for Nelson BLDG - 247 West 38th Street, New York, NY

10001, New York City, NY 10011, New York City, NY 10016, New York City, NY 10019, New York City, NY 10020, New York City, NY 10036, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for Nelson BLDG - 247 West 38th Street, New York, NY 10018?

The development at Nelson BLDG - 247 West 38th Street, New York, NY 10018 was built in 1924.

What is the market value of Nelson BLDG - 247 West 38th Street, New York, NY 10018?

The current market value of Nelson BLDG - 247 West 38th Street, New York, NY 10018 is $17,703,000.

What is the total square footage of Nelson BLDG - 247 West 38th Street, New York, NY 10018?

Nelson BLDG - 247 West 38th Street, New York, NY 10018 has a total of 130,010 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 46.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.